Palo Alto Networks (PANW) PT Raised to $155 at BofA/Merrill Lynch
BofA/Merrill Lynch boosted its price target on Palo Alto Networks (NYSE: PANW) to $155.00 (from $130.00) following Q2 results but maintained a Neutral rating.
Analyst Tal Liani said the new price target reflects solid execution and growth acceleration, but the remain Neutral on valuation.
The firm raised FY 2015 EPS from $0.73 to $0.82, FY 2016 EPS from $1.33 to $1.59 and FY 2017 EPS from $1.96 to $2.21.
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Shares of Palo Alto Networks closed at $145.98 yesterday.